To The 1%ers: “You Better Wake The F**K Up!”

Tuesday, February 20, 2018
By Paul Martin

Via Global Macro Monitor,
ZeroHedge.com
Tue, 02/20/2018

Karl, The Comeback Kid?

Why do we think the world is about to see the resurrection of the “comrade culture club” over the next ten years?

Make no mistake; there will be a visceral political reaction to the coming acceleration of labor disrupting technology. We got a little taste of it in the 2016 election.

Just wait until it hits the doctoring, lawyering, and accounting class.

To take an example, COIN (contract intelligence) interprets commercial loan agreements that previously consumed 360,000 hours of lawyers’ time per year. ROSS intelligence is another example, combining a simple, Google-like search system to find up-to-date cases, law and extensive advice in seconds, by quickly sifting through databases of legal history. — marketMogul

Karl and Friedrich wrote about it over 150 years ago:

On disruptive labor destroying technology (AI and the robots are coming):

Constant revolutionizing of production, uninterrupted disturbance of all social conditions, everlasting uncertainty and agitation distinguish the bourgeois epoch from all earlier ones. – Marx and Engels

On free-trade and globalism (protectionism on the rise):

The need of a constantly expanding market for its products chases the bourgeoisie over the whole surface of the globe. It must nestle everywhere, settle everywhere, establish connexions everywhere. – Marx and Engels

Then there are the political leanings of the millennials:

Millennials opt for socialism over capitalism

Given the choice, most Americans would opt for a capitalist country. However, one third would prefer to live in a socialist nation. Millennials are the leading force behind this preference with more than four in ten opting for socialism. – YouGov>

The Rest…HERE

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